Will you guys be trading during this week and the week after the US elections?

[YenPounder]

@MattyMoney

I am happy I stayed out of any USD trades.

GBP/JPY has been pretty volatile over this time too.

[MattyMoney]

@ponponwei

Indeed. Didn’t put in any new trades this week though. Did you?

Yes, all 4 current trades were opened Monday and Tuesday.

[dushimes]

@therealInsideBar

Effort = reward. Those prepared to put in the effort over the next couple of weeks could yield big rewards.

I’ve said it before, I’ll say it again, volatility needs to be embraced not feared.

“Avoiding danger is no safer in the long run than outright exposure. The fearful are caught as often as the bold.” --Helen Keller

“Inaction breeds doubt and fear. Action breeds confidence and courage. If you want to conquer fear, do not sit home and think about it. Go out and get busy.” --Dale Carnegie

“The cave you fear to enter holds the treasure you seek.” --Joseph Campbell

That’s an interesting point. So, I’m actually trading, but super small positions. It’s more about trading than about profit. I see the NZD/USD is ranging on the M15.

Also, I’m trying to straddle some major pairs with super wide stops. But only 0.01 lots. 10% is 10% regarless of lot size.

I also wanted to keep lot sizes small in case price gaps and misses my SL.

[ProfesorPips]

Hi, it is time to summarize the recent events, my theory has been confirmed, the strategies have worked well Regards Greg

[ponponwei]

@dushimes

I see the NZD/USD is ranging on the M15.

Hope you went long! Lost bigly on my short NZD trade

[dushimes]

I’ve been long since hit support two bounces ago. I closed it thinking it’ll never hit the top of that channel, and I wasn’t sure what volatitity would be like during the election.

Not long after price hit what would have been my TP.

I shouldn’t have closed. Jeez…

But, I opened up a much smaller long position and caught some pips.

@ponponwei Why did you go short? Were you hoping to short it until the support zone?

[ponponwei]

@dushimes

Why did you go short? Were you hoping to short it until the support zone?

I shorted at what I thought was the resistance lol. Now is prob a good time to short no? What you think?

[dushimes]

@ponponwei It could be. But, because of the decline of the dollar, I think it would be wise to wait for a bounce.

You could go long, but you don’t know which way it will go. Will it break through resistance or bounce? We shall see!

However, GBP/USD is possibly bouncing. On the H4 therer’s some consolidation. That looks like a good time for using a straddle trade for a swing trade entry.

Same for AUD/USD.

What do you think?

[tommor]

The news about the covid vaccine was a real shot in the arm.

[ponponwei]

Welp, that (NZD/JPY) shot up some more. Good thing I didn’t do anything hahaha.

Yup looks like you may be right about both. Did you get in?

[dushimes]

@ponponwei
I just opened a short NDZ/USD position. I don’t know if it’s retracing or reversing. But, I placed my OCO in case of a breakout.

[ponponwei]

Exciting! I’ll be on the lookout and short too when I see more downward movement.

[GeorgeMabel]

Market was a little whacky but I did not stop and have been trading. Since elections, I had some trades on Dow jones and NZD/USD.

[Roboton]

I am making a pause in trading. Although volatility is nice, but, unfortunately, there is so much news going on with elections and vaccine, that I feel somehow lost in which direction to trade

[GeorgeMabel]

That is very usual, a lot of traders get lost. But there are lot of opportunities out there to grab. Go and check this post by @topdog20
I am sure you will find your way.

Trading and FOMO - Fear of Missing Out

I like to think of myself as calm and collected, but the truth is I’m not as level-headed as I would like. When Pfizer’s vaccine was announced, I rushed to buy “recovery” stocks. I had to placed “market orders” to get part of the action, and, as a result, paid more than I would’ve if I’d waited a couple of days for prices to fall a little. I’m not hugely under-water, but I gave in to my emotions and fear of missing out. This isn’t the first time it’s happened. In my opinion, the best way to ma…

[ponponwei]

Yeah that was a very good thread!

[GeorgeMabel]

Indeed, it is!

[Jungletrader]

I stayed out and il finishing up on the 12th supposedly pro traders and hedge fund people start taking holidays from then on

[methodxray]

I am not going to trade until the election results are out. Frankly speaking, I am quite afraid.

[ponponwei]

@methodxray

Frankly speaking, I am quite afraid.

Of what?